FEATURED ARTICLES ABOUT PMLA - PAGE 4

NEW DELHI: The Enforcement Directorate today filed a charge sheet in a Delhi court against four accused, including an Amritsar-based firm, in connection with a case of alleged laundering of money globally in a drug trafficking racket. The charge sheet was filed by the Enforcement Directorate (ED) before District Judge I S Mehta who assigned the case to Additional Sessions Judge (ASJ) Neena Bansal Krishna. The charge sheet has been fixed for consideration on November 25. Amritsar residents Gagandeep Singh and Paramdeep Singh, Delhi-based Gaurav Gupta and firm, Raja & Co Forex Pvt Ltd have been charged with offence punishable under the provision of the Prevention of Money Laundering Act (PMLA)

NEW DELHI: Import or export of goods prohibited under the Customs Act as well as misdeclaration are set to become punishable offences under the Prevention of Money Laundering Act (PMLA). The move is aimed at giving more teeth to PMLA, which aims at curbing financing of illicit activities. The amendments are in line with the recommendations made by the Financial Action Task Force (FATF) which lays down that each country should criminalise the financing of terrorism, terrorist acts and terrorist organisations.

NEW DELHI: A special anti-money laundering court here has ordered attachment of over Rs 2 crore gold bars, bangles, coins and biscuits recovered from former NALCO CMD A K Srivastava in connection with a bribery and generation of illegal criminal assets case against him and others. The Enforcement Directorate (ED) had attached these assets in May this year after it registered a criminal case under the Prevention of Money Laundering Act (PMLA) against the former CMD who was arrested by the CBI in this bribery case in 2011.

NEW DELHI: A special money laundering court has ordered attachment of a residential property of former Haryana Chief Minister O P Chautala , terming the purchase of the asset from "proceeds of crime" of the teachers recruitment scam. The court has issued the directive on the complaint of the Enforcement Directorate (ED), which had seized the flat in May this year under the provisions of the Prevention of Money Laundering Act (PMLA). "On a thorough perusal of the order of the honourable Delhi High Court , the FIR and charge sheet of CBI, the investigations conducted by the ED and the statements recorded under section 50 of PMLA and on careful consideration of the arguments advanced on behalf of the complainant and the defendants, we come to the prima facie conclusion that the defendants (Chautala)

New Delhi: Many kinds of offences such as acts of terror, the perpetrators of which are not being tried presumptively under the Prevention of Money Laundering Act (PMLA) at present, may attract automatic trial under this act soon, in addition to trial under relevant acts that deal specifically with these offences. This is because the finance ministry is planning to propose amendments to PMLA to this effect. The amendments, if approved by the Parliament, would amplify the scope of PMLA and enable India to be a member of the Paris-based Financial Action Task Force (FATF)

NEW DELHI: Enforcement Directorate has issued summons under the Prevention of Money Laundering Act (PMLA) against all the persons named by CBI in the charge sheet in the 2G spectrum allocation case. Sources said today ED will also move a Delhi court soon seeking permission to question jailed former telecom minister A Raja, former MD of DB Realty group Shahid Balwa and others. The move came a day after the Directorate had submitted its complaint, equivalent to a charge sheet, against a few telecom firms for "contravention of FEMA norms to the tune of more than Rs 4,300 crore.

NEW DELHI: Government today said the Enforcement Directorate ( ED ) has registered 15 cases under anti-money laundering laws in the last four years to probe terror financing instances. "During last three years and current year, Enforcement Directorate has registered 15 cases under Prevention of Money Laundering Act (PMLA) based on predicate offences relating to financing terrorism . "ED takes action under PMLA in suitable cases including the cases based on predicate offences relating to financing terrorism.

MUMBAI: The Enforcement Directorate (ED) today attached assets worth Rs 56 crores of suspended MHADA Deputy Collector Nitish Thakur in connection with a money laundering case against him. "We have attached under PMLA properties and FDs worth Rs 56 crore in a money laundering case against Thakur," said an ED official. Last year, the agency had attached his assets worth Rs 53.57 crore. The case against the senior state administrative service officer dates back to March 2012 when the Maharashtra Anti-Corruption Bureau (ACB)

AHMEDABAD: In the first such action, the Enforcement Directorate (ED) has attached 1,280 acres of land in the US in connection with one of the biggest bank loan frauds in this country. The unprecedented move to attach the land in California worth Rs 1,000 crore was initiated by the ED's Ahmedabad zonal unit. "ED Indore attaches under PMLA (Prevention of Money Laundering Act) 1,280 acres of land in California, USA, of Zoom Developers Pvt Ltd and Vijay Chaudhary in bank fraud cases," the central agency tweeted today.

NEW DELHI: In a major action against black money hoarders and money launderers , the Enforcement Directorate (ED) has attached assets to the tune of Rs 9,003 crore and filed 173 charge sheets in the financial year 2014-15. The agency, as part of its efforts to crack down on illicit funds in India and abroad, in the last year registered a mammoth 400 per cent rise in the numbers of assets attached, over 500 per cent increase in the number of criminal FIRs lodged, over 600 per cent more numbers of arrests made of people suspected to be involved in laundering crimes and more than 200 per cent jump in the filing of prosecution complaints or charge sheets as compared to the 2013-14 fiscal.